Why is TVS Motor Co. falling/rising?

As of 06-Nov, TVS Motor Company Ltd's stock price is currently at 3,454.25, reflecting a decrease of 34.7 points or 0.99%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days with a total decline of 1.65%. It reached an intraday low of Rs 3,412, which represents a drop of 2.21%. Despite this recent decline, the stock has shown strong performance over the longer term, with a year-to-date increase of 45.85% and a remarkable 620.24% rise over the past five years. The company has demonstrated high management efficiency and consistent positive results over the last eight quarters, contributing to its strong fundamentals, including a high return on capital employed (ROCE) of 16.70% and significant growth in net sales and operating profit.
In the broader market context, TVS Motor's short-term performance has been slightly better than the benchmark, with a 1-week decline of 1.05% compared to the Sensex's 1.30% drop. This indicates that while the stock is facing some short-term challenges, it is still holding up relatively well against the market. Additionally, the rising investor participation, evidenced by a significant increase in delivery volume, suggests that there is ongoing interest in the stock despite its recent price drop. The high institutional holdings at 41.24% further indicate confidence from knowledgeable investors, which may help stabilize the stock in the face of short-term volatility.